Bank Negara approves UOB’s acquisition of Citi’s consumer banking business

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KUALA LUMPUR, Sept 14 — UOB Malaysia and Citi Malaysia have received regulatory approval from Bank Negara Malaysia (BNM) for UOB’s acquisition of Citi’s consumer banking...

KUALA LUMPUR, Sept 14 — UOB Malaysia and Citi Malaysia have received regulatory approval from Bank Negara Malaysia for UOB’s acquisition of Citi’s consumer banking business in Malaysia.

She said Citi’s consumer business in Malaysia, as well as in other markets of Thailand, Indonesia and Vietnam, enhances UOB’s regional franchise which would benefit all UOB customers, providing them with greater connectivity and higher brand recognition.

 

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